Section 8 Fair Market Rent (FMR) for ZIP 73001 - 2027

Location: Caddo County, OK | Metro: Caddo County, OK

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$740
2 Bedrooms	$930
3 Bedrooms	$1,170
4 Bedrooms	$1,210
5 Bedrooms	$1,404
6 Bedrooms	$1,572
7 Bedrooms	$1,698
8 Bedrooms	$1,783

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

42.1%

Occupancy Rate

63.3%

Renter Occupied

The ZIP code 73001, located in Norman, Oklahoma, is a suburban area known for its proximity to the University of Oklahoma. This location influences the housing market significantly, making it a desirable area for students, faculty, and young professionals seeking affordable living options.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940, which provides a benchmark for rental rates in the area.
The market rent for ZIP 73001 is currently N/A, indicating that there may be limited data available on current rental trends in this specific region.
The median home value for ZIP 73001 is N/A, suggesting that there might be a lack of comprehensive data on residential property values in this area.
Renters make up a significant portion of the local population, with a 42.1% share, indicating strong demand for rental properties.
The days on market (DOM) for properties in ZIP 73001 is N/A, which means there's no recent data on how quickly homes are selling in this area.
The median income for ZIP 73001 is also N/A, showing that there isn't enough current data to provide a precise figure on the average earnings of residents.

Given the high proportion of renters in ZIP 73001 and the established Fair Market Rent, investing in rental properties here could be profitable. However, the lack of data on market rent, median home values, days on market, and median income makes it challenging to fully assess the investment potential. Landlords and small-portfolio investors should focus on properties that align with the FMR and cater to the needs of students and young professionals, while being cautious about relying on incomplete data points.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.